Changes to the organisational structure in 2017

Effective 1 January 2017, the organisational units “General Counsel & Chief Risk Officer” and “Investment Solutions” were created at Group management level.

Monika Vicandi, formerly the head of the Group Legal, Compliance & Tax function, now serves as General Counsel & Chief Risk Officer and is the Group Executive Management member responsible for this area.

Felix Brill, the new Group Executive Management member responsible for “Investment Solutions”, will take up his new position as from 1 March 2018.

Martin Beinhoff, who left VP Bank at end-June 2017, will be succeeded by Urs Monstein as Chief Operating Officer effective 1 May 2018. In the interim, Alfred W. Moeckli and Siegbert Näscher assumed management responsibilities for the COO areas Group Information Technology, Group Operations and Group Credit. The Group Credit area will remain a business unit under the direction of the CFO even after Urs Monstein assumes his duties.

In mid-March 2017, Bruno Morel took over the position of Chief Executive Officer at VP Bank (Singapore) Ltd, a position previously held by Rajagopal Govindarajoo. Bruno Morel has wide-ranging experience in the banking industry and has a track record of success in Asia dating back more than 20 years.

VP Bank Group’s “Strategy 2020” business plan, which is based on the three action areas Growth, Focus and Culture, lays the groundwork and targets for VP Bank’s long-term development. In order to ensure the on-going implementation and continued development of this strategy, Group Strategy was established as its own business unit as from 1 April 2017. This unit is managed by Patrick Bischofberger, who reports directly to the CEO.

Effective 1 May 2017, Graziella Marok-Wachter succeeded Monika Vicandi as the Head of Group Legal, Compliance & Tax.

Michael Curschellas, the head of the Group Credit unit, took over responsibility for the Credit Risk division as from July 2017. Werner Wessner succeeded him as the head of Group Credit on an interim basis until Peter Siber was put in charge as from 1 December 2017.

Katharina Vogt-Schädler, Chief Executive Officer of VP Bank (BVI) Ltd, decided to step down from her position there. Nicholas A. Clark succeeded her as Chief Executive Officer effective 1 February 2017. The executive management of VP Bank (BVI) thus consists of Nicholas A. Clark as CEO and Sjoerd Koster as General Manager for Client Business.

As from 1 July 2017, VP Bank (Switzerland) Ltd strengthened its executive management with the addition of Maximilian Barth. He serves as Head of Private Banking for Germany and Switzerland. VP Bank (Switzerland) Ltd’s executive management now comprises four members: Antony Lassanianos, Thomas Westh Olsen, Stephan Wernli and Maximilian Barth.

Rita Becker, Head of Group Human Resources, decided to leave VP Bank Group as from end-­October 2017. In the interim, Reto Rentzmann, the Head of Human Resources Recruiting & Consulting, assumed the position as Head of Group Human Resources, and as from 1 March 2018 Dominique Christen will take over the position.

Anne Guidi, Head of Risk Management and a member of VP Fund Solutions (Luxembourg) SA’s executive management, decided to pursue a new challenge outside of VP Bank Group. As from 1 December 2017, Uwe Stein succeeded her as the Head of Risk Management and member of executive management at VP Fund Solutions (Luxembourg) SA. The company’s executive management now comprises Eduard von Kymmel, Ralf Funk and Uwe Stein.